Asian stocks ended mostly higher on Wednesday after U.S. Treasury Secretary nominee Janet Yellen backed major fiscal stimulus to help workers and businesses battered by the coronavirus pandemic.
Investors remained optimistic about additional stimulus and a faster rollout of coronavirus vaccines under incoming U.S. President Joe Biden, who will be sworn into office later today.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.